Patrick Industries Veep Purchases Company Stock

patrick_industries__elkharttruth__Emily_Pfund__credditAccording to financialmagazin, Executive Vice President and Chief Financial Officer of Patrick Industries, Inc. (NASDAQ:PATK) Andy Nemeth purchased 8,000 shares of company stock at $38.20 per share for a net value of $305,797. Nemeth now owns 76,999 shares which comprise 0.50 percent of the outstanding shares of the company.

Meanwhile Jeffrey L. Gendell holds 2.57 million shares, 16.5 percent of outstanding shares. MHProNews has followed Gendell’s unloading of stock since Nov. 14, and according to our tally, as reported Oct. 12, 2015, he has sold about 180,000 shares for a net of $7.84 million. CEO Todd M. Cleveland sold 34,906 shares worth $1.55 million, while Tontine Capital Partners L P sold 60,000 shares with a net value of $2.67 million.

Neumeier Poma Investment Counsel LLC owns 312,371 shares, while RK Capital Management LLC has 2.36% invested in the company for 342,562 shares.

Patrick Industries manufactures and supplies building products and materials to the manufactured housing and recreational vehicle industries. ##

(Photo credit: elkharttruth–Patrick headquarters in Elkhart, Indiana)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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